EXSEBTION: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EXSEBTION
Largest movements
- Cash -€32,692
down €32,692 (-15.5%), from €210,691 to €178,000
mainly Contributions, distributions and other (-€139,345) and Receivables within one year (-€23,786)
- Receivables within one year +€23,786
up €23,786 (+61.1%), from €38,929 to €62,715
of which Trade receivables: +€21,572
- Tangible fixed assets -€4,475
down €4,475 (-60.8%), from €7,365 to €2,890
of which Furniture and vehicles: -€3,643
- Other debts +€79,555
up €79,555 (+280%), from €28,368 to €107,923
- Reserves -€79,475
down €79,475 (-40.8%), from €194,666 to €115,191
- Tax, wage and social debts -€11,605
down €11,605 (-80.6%), from €14,405 to €2,800
of which Taxes: -€8,885
- Gross operating margin -€9,419
down €9,419 (-10.3%), from €91,687 to €82,268
- Taxes -€8,171
down €8,171 (-33.6%), from €24,353 to €16,182
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,117 | €246,122 | -€12,994 | -5.0% |
| Fixed assets | 21/28 | €8,415 | €3,940 | -€4,475 | -53.2% |
| Tangible fixed assets | 22/27 | €7,365 | €2,890 | -€4,475 | -60.8% |
| Furniture and vehicles | 24 | €6,284 | €2,641 | -€3,643 | -58.0% |
| Other tangible fixed assets | 26 | €1,081 | €249 | -€832 | -77.0% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €250,702 | €242,183 | -€8,519 | -3.4% |
| Amounts receivable within one year | 40/41 | €38,929 | €62,715 | +€23,786 | +61.1% |
| Trade receivables | 40 | €37,328 | €58,900 | +€21,572 | +57.8% |
| Other amounts receivable | 41 | €1,601 | €3,815 | +€2,214 | +138% |
| Cash at bank and in hand | 54/58 | €210,691 | €178,000 | -€32,692 | -15.5% |
| Deferred charges and accrued income | 490/1 | €1,082 | €1,469 | +€387 | +35.8% |
| Total equity and liabilities | 10/49 | €259,117 | €246,122 | -€12,994 | -5.0% |
| Equity | 10/15 | €213,216 | €133,741 | -€79,475 | -37.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €194,666 | €115,191 | -€79,475 | -40.8% |
| Distributable reserves | 133 | €194,666 | €115,191 | -€79,475 | -40.8% |
| Amounts payable | 17/49 | €45,901 | €112,382 | +€66,480 | +145% |
| Amounts payable within one year | 42/48 | €45,901 | €112,382 | +€66,480 | +145% |
| Trade debts | 44 | €3,128 | €1,659 | -€1,469 | -47.0% |
| Suppliers | 440/4 | €3,128 | €1,659 | -€1,469 | -47.0% |
| Taxes, remuneration and social security | 45 | €14,405 | €2,800 | -€11,605 | -80.6% |
| Taxes | 450/3 | €11,685 | €2,800 | -€8,885 | -76.0% |
| Remuneration and social security | 454/9 | €2,720 | - | -€2,720 | |
| Other amounts payable | 47/48 | €28,368 | €107,923 | +€79,555 | +280% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,624 | €5,409 | -€215 | -3.8% |
| Other operating charges | 640/8 | €810 | €739 | -€70 | -8.7% |
| Gross operating margin | 9900 | €91,687 | €82,268 | -€9,419 | -10.3% |
| Operating profit (loss) | 9901 | €85,253 | €76,119 | -€9,134 | -10.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €55 | €67 | +€12 | +22.6% |
| Recurring financial charges | 65 | €55 | €67 | +€12 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €85,198 | €76,052 | -€9,147 | -10.7% |
| Income taxes | 67/77 | €24,353 | €16,182 | -€8,171 | -33.6% |
| Profit (loss) for the period | 9904 | €60,845 | €59,870 | -€975 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,845 | €59,870 | -€975 | -1.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.